🏡💰 Why People Rarely Get 15 Year Mortgages #shorts

Summary

This video explains why choosing a 30-year mortgage over a 15-year mortgage offers more flexibility and peace of mind, especially for those concerned about potential financial hardships. While 15-year mortgages offer lower interest rates and quicker payoff, the higher monthly payments can be a strain if income is reduced. A 30-year mortgage allows for lower payments and extra principal payments, providing options in uncertain times.